Wall Street Migrates to ‘T+2’ Settlements

By

Chris Dieterich

Sep 5, 2017 4:05 pm ET

Anybody who sold shares Tuesday is guaranteed to receive cash for their trade by Thursday — a day earlier than any point during the past two decades. That’s because Tuesday marks the first day that trades in most financial products in the U.S. will be required to “settle” within two business days, rather than in three […]